Federal Trial Of Texas Woman Charged in Alleged Upfront Fee Foreclosure Rescue Scam Begins

In San Antonio, Texas, the San Antonio Express News reports:

• Jacquelyn Guerrero and her husband handed over their $3,000 tax refund to try to stop the impending foreclosure. Guadalupe Dominguez handed over her monthly $1,400 Social Security income and more money she borrowed. They testified Monday that they still lost their homes because of the misrepresentations of Rosario Castro Divins [aka Rosie Divins], who sent dozens of direct-mailed advertisements claiming she could stop foreclosures.

• Divins, 54, went on trial Monday before U.S. District Judge Fred Biery on seven counts of criminal contempt for allegedly disobeying four bankruptcy court orders since 2000 that barred her from claiming she could stop foreclosures. She's also charged with seven counts of mail fraud, which stem from the mailers that advertised her business, R.D. Investments, and guaranteed results. Seven families claim that rather than help save them, Divins took almost $50,000 from them, and put them deeper in the hole. All are expected to testify at the three-day trial.

For more, see Anti-foreclosure help called a scam.

For the indictment, see U.S. v. Divins.

Go here for earlier posts on this alleged foreclosure rescue scam. Loan Modification